AC Technical Analysis - AIR CANADA

Technical Rating and Analysis

Taking everything into account, AC scores 1 out of 10 in our technical rating. AC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

86% of all other stocks performed better in the past year than AC.

AC is one of the lesser performing stocks in the Passenger Airlines industry. 100% of 6 stocks in the same industry do better.

AC has an average volume of 2917330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

AC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AC is lagging the market.

In the last month AC has a been trading in the 17.43 - 19.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

AC has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

17.38

21.61

When analyzing the support we notice one important area.

A support zone ranging from 17.56 to 18.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

3 important resistance areas can be observed.

Resistance @18.59 from a trend line in the daily time frame.
A resistance zone ranging from 19.81 to 19.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @21.40 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for AC.CA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for AC.CA is neutral.
ChartMill Relative Strength	14.28	NEGATIVE	AC.CA has a low relative strength, it was outperformed by 85.72% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of AC.CA is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AC.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of AC.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	48.12	NEUTRAL	The RSI value for AC.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests AC.CA has a positive trend.
Stochastics (14,3)	46.11	NEUTRAL	The Stochastics value for AC.CA is a neutral value.
Average True Range in percent/ATR (20)	2.14	MEDIUM VOLATILITY	The ATR as a percentage value for AC.CA suggests some volalility.
Average Directional Index/ADX (14)	30.43	POSITIVE	The high ADX value value for AC.CA suggests a strong trend.